Gaughan's South Point could launch online poker by October

Aug 27, 2012 9:08 PM

Action by the Nevada Gaming Commission at its most recent meeting places Michael Gaughan’s South Point in a position to launch its interactive online poker room possibly as soon as October.

The Commission also granted an intrastate interactive gaming license to Monarch Casino & Resort Inc. (MCRI). Similar licenses were previously granted to Bally Technologies Inc. (BYI), International Game Technology (IGT) and Shuffle Master Inc. (SHFL).

The licenses come with conditions that include the following:

• Satisfaction of all conditions imposed by the Commission, which include approval, and attestation by an independent accountant, of internal controls with respect to interactive gaming, adoption of a gaming compliance plan with respect to interactive gaming, and filing with, and approval of, a plan of operations with the Nevada Gaming Control Board.

• Payment of a license fee of $500,000 to cover a two-year period, or a pro-rata amount based upon the time of payment.

• Entry into one or more contracts with licensed interactive gaming service providers that will provide the necessary hardware and software systems to conduct interactive gaming.

• Nevada regulatory approval of the interactive gaming systems, which, to date, have not yet been approved.

• Market and economic conditions that will, in the opinion of the licensee, justify launching interactive poker.

South Point launched a free-to-play online poker room last year.